"January, 2015" Archive - Page 2

CBDT Order Promoting 264 CIT and DIT to Principal CIT

Order No. 15 of 2015 (30/01/2015)

CBDT has Vide Order No. 15 of 2015 dated 30.01.2015 promoted 264 officers in the grade of Commissioner of Income Tax/ Director of Income Tax to the grade of Principal Commissioner of Income Tax in the HAG scale (Rs. 67,000-79,000) with immediate effect and ...

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Notification No. 04/2015-Central Excise Dated- 30th January, 2015

Notification No. 04/2015-Central Excise (30/01/2015)

In the exercise of the power conferred under Section 5A (1) of the Central Excise Act, 1944, the Central Government under vide Notification No.04/2015-CE dated January 30, 2015 has provided the new method of imposition of Basic Excise Duty on Branded High Speed Diesel as follows:...

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Guidelines for processing of online I EC applications and I EC check list

Policy Circular No. 17 (RE-2013)/2009-2014 (30/01/2015)

In continuation of the guidelines for processing online IEC applications, issued vide Policy Circular No. 15 dated the 31st December 2014, following further instructions and check list are laid down for processing of the IEC applications:...

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Gold award for Income Tax Department under National Award on E-Governance 2014-15

The Project marks a major step in ensuring TDS compliance through the processing of TDS returns and comprehensive data processing of TDS statements using technology driven end-to-end processes. At present 15 Lakh deductors and 2.5 crore tax payers are using various e-enabled online services through the CPC (TDS). ...

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Posted Under: Income Tax |

Online application for IEC Registration Mandatory from 1st Feb'15

Public Notice No. 83 (RE)2013/2009-14 (30/01/2015)

Now, vide public notice no. 83, dated 30th Jan'15, it has been notified that the e-application for IEC shall be mandatory from 1st Feb'15. However, at the same time, DGFT has notified following banks with whom net banking facility needs to be accessed for online application of IEC: PUBLIC NOTICE NO. 83 (RE)2013/2009-14....

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Customs -Rates of Canadian Dollar and Swiss Franc WEF 31.01.2015

Notification No.16/2015 - Customs (N.T.) (30/01/2015)

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance ...

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Notification No. 15/2015 – Customs (N. T.) Dated- 30th January, 2015

Notification No. 15/2015-Customs (N.T.) (30/01/2015)

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the ...

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How to Give Best Answers To Tough Interview Questions

The best way to prepare yourself for the interview is to know what may be coming and practice for it in advance. Fear of known can only exists when there is unknown. Take the time to understand some of the Standards when it comes to interviewing questions. Some job interviewers ask tough questions to trip you up or to get you to reveal in...

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Posted Under: Income Tax | ,

Providing men & materials for laying concrete mixture is ‘Works Contract’ & not ‘Sale’

Thirumalai Ready Mix Concrete Vs. State of Puducherry

The Appellant is a manufacturer of ready mix cement concrete and also provides men and materials to lay concrete mixture on area specified by purchaser. For the Assessment Year 2003-04, the Appellant claimed exemption treating the transaction as a Works contract under Notification G. O. Ms. No. 50/90/F6, dated December 10, 1990....

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Posted Under: Income Tax |

On mere pendency of proceedings before Higher Authority, Department cannot deny refund

National Leather Cloth Mfg. Co. Vs. The Union of India

National Leather Cloth Mfg. Co. (the Petitioner) was engaged in the manufacture of Excisable goods falling under Chapter 39, 56 and 59 of the First Schedule to the Central Excise Tariff Act, 1985. During the period January 1995 to March 1997, the Petitioner had utilized the Cenvat credit ...

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Posted Under: Income Tax |

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